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ooky

(8,922 posts)
Fri Aug 28, 2020, 10:19 AM Aug 2020

Heard my first "Biden will increase taxes by 4 trillion" talking point this morning.

Told him not to worry about it unless he makes $400k a year or more (which he doesn't) and sent him the link for the Tax Policy Center analysis.

Here's the link for anyone else who wishes to debunk this talking point.

https://www.taxpolicycenter.org/publications/analysis-former-vice-president-bidens-tax-proposals/full

8 replies = new reply since forum marked as read
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Heard my first "Biden will increase taxes by 4 trillion" talking point this morning. (Original Post) ooky Aug 2020 OP
Tell him mercuryblues Aug 2020 #1
Well done. Laelth Aug 2020 #2
How are the Trump deficits going to be paid? mwooldri Aug 2020 #3
Yep. Biden's plan is the fiscal responsibility Tea Party nuts used to claim they were all about ooky Aug 2020 #5
Bankruptcy for the US govt equals a currency failure. roamer65 Aug 2020 #6
Either way, we pay taxes. roamer65 Aug 2020 #4
Another good response would be louis-t Aug 2020 #7
Great link. K&R for the post and the discussion. crickets Aug 2020 #8

mercuryblues

(14,531 posts)
1. Tell him
Fri Aug 28, 2020, 10:27 AM
Aug 2020

too late. trump has already done that.

?fit=scale

But deficits are only important when Democrats are in office.

mwooldri

(10,303 posts)
3. How are the Trump deficits going to be paid?
Fri Aug 28, 2020, 10:40 AM
Aug 2020

Can't do to the USA what one did to ones own companies, can they Mr. Trumpski?

ooky

(8,922 posts)
5. Yep. Biden's plan is the fiscal responsibility Tea Party nuts used to claim they were all about
Fri Aug 28, 2020, 10:44 AM
Aug 2020

until they weren't.

roamer65

(36,745 posts)
6. Bankruptcy for the US govt equals a currency failure.
Fri Aug 28, 2020, 10:46 AM
Aug 2020

The failure of a reserve currency would launch a depression that would make the Great one look like a picnic.

roamer65

(36,745 posts)
4. Either way, we pay taxes.
Fri Aug 28, 2020, 10:43 AM
Aug 2020

Through outright taxes or through inflation.

Dollar devaluation is a tax.

YoY, M1 money supply is up nearly 40 pct.

louis-t

(23,292 posts)
7. Another good response would be
Fri Aug 28, 2020, 11:28 AM
Aug 2020

"Well, someone has to pay for the the $4 trillion in debt trump ran up."

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